Assessment Task 5.docx - Student activity Task 5 1 Management would like you to review each Buyer using a performance review rating based on their

Assessment Task 5.docx - Student activity Task 5 1...

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Student activity: Task 5 1. Management would like you to review each Buyer using a performance review rating based on their performance. Decide on a fair salary and benefits package for each buyer. 2. Please adjust the salary review worksheet below for each Buyer. 3. Calculate the new salary package for Thomas Bradley because of his salary increase. 4. What item within Thomas Bradley’s salary package would be subject to Fringe Benefits Tax and why? Answer 1-4 Salary and benefits for Buyers New recommendation for buyers 50th Percentile $80,000 P/A New recommendation for buyers Bonus incentives of 5% in the next financial year New recommendation for buyers 10% Salary review worksheet Performance review ratings 1 2 3 4 Exceeds expectations consistently Meets and sometimes exceeds expectations Meets minimum requirements of the position Below minimum requirements Name Performance review Current salary Recommended salary $ Increase or decrease % Increase or decrease Thomas Bradley 2 $70,000 $73,500 $3,500 5% Sarah Foxhill 1 $70,000 $77,000 $7,000 10% Michael Schue 3 $70,000 $71,400 $1.400 2% Tony Boutoubia 3 $70,000 $71,400 $1,400 2% Fionola Flannagan 4 $70,000 $70,000 $0 0% Document the reasons for your recommendations.
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Name Reasons for the recommendation Thomas Bradley Meets and sometimes exceeds expectations increase his salary and provide reward. Sarah Foxhill Applicable for a promotion. Michael Schue - Tony Boutoubia - Fionola Flannagan Discussion of her performance face to face. Calculating salary packages- Calculate the new salary package for Thomas Bradley as a result of his salary increase. Salary package pre salary increase Post salary increase Annual salary $70,000 Annual salary $73,500 Car parking $2,000 Car parking $2,000 Free food and liquor product $1,200 Free food and liquor product $1,200 Motor vehicle (private use only) $10,000 Motor vehicle (private use only) $10,000 Bonus (10% of salary) $7,000 Bonus (10% of salary) $7,350 Superannuation (9%) $6,300 Superannuation (9.5%) $6,982 Salary package $96,500 Salary package $101,032 5. It has been 6 months since Janklin Foods introduced the new remuneration and benefits package. Management has asked you to evaluate the effectiveness of the new package for staff. You need to collect and evaluate staff opinion. As HR manager, you will conduct a group interview. 5.1. Design a staff satisfaction survey, which should include the following: Staff opinion of Janklin Foods If the staff feel that the remuneration strategy has been effective Employee satisfaction levels
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Answer: Question for staff satisfaction survey 1. What do you think about the Janklin Foods? 2. What do you think about the remuneration strategy of Janklin Foods? 3. What do you recommend on the remuneration strategy of Janklin Foods? 4. Please rate your satisfaction about the remuneration strategy of Janklin Foods? 5.2. Conduct a group interview in class using the questions designed in Task 5.
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